ACED PLATFORM … A DIGITAL MINI SHOPPING CENTER

7de9
7de9
Sep 2, 2018 · 10 min read

After having done a small questionnaire on Twitter, one of the most voted projects by the people to review was AceD.
I knew the project , and I have to admit that I traded it a couple of times due to the high “hype” behind it. However, truthfully, I had never paid much attention to it, since I never thought about holding it.

Once I get into research, I love to start always by the same way: How do they define themselves, in this case, when you ask them what is Aced, they say:

Well … I’m staying a bit like I was, honestly. It seems the typical definition of physics that you have to read 30 times to understand it correctly.
Four ideas seem clear in their non-definition:
- Decentralized.
- Anonymous
- Platform (at the moment we do not know about what).
- Governance
Later we will see that they explain everything entirely, but I must admit that at the outset when a project is not clear to what it is going to dedicate or does not know how to express it clearly, I do not like it.

In all the reviews, We will address the same four perspectives:

  • What do they do, what their project is about?
  • History.
  • Distribution, coins, Masternodes.
  • Promotion, Marketing, Community.
  • Positive and negative points, conclusions.

PRODUCT: WHAT IS THE ACED PURPOSE?

The coin is:
Fast, decentralized and anonymous … does not it sound to you? It is, apparently like all the payment systems and 95% of the currencies of masternodes (to have all the same common origin).
There is a difference, as their WP explains very well: They are aware that this is not enough, that is, they know that as a means of payment, which is their final goal, they have it very complicated, they depend on the lottery of reach an agreement, imagine, with Amazon, to be able to give real value to their project.
Then how have they solved it? How will they try to give value to the project? With the Aced platform. That is where they try to get that AceD has a real use and serve as a means of payment.

WHAT IS THE ACED PLATFORM?

Their description is perfect. The AceD platform is multipurpose, that is, it tries to offer a wide range of services, always with the ultimate goal of giving different uses to the currency.

ACED PLATFORM INCLUDES:

ACED DASHBOARD:

https://www.acedcoin.com/dashboard/

Try to be a place where you can find information about different currencies, masternodes, POW, POS and even ICO.
Actually, the list that they are currently doing is not very broad since it contains a few projects. I understand that the file is growing daily.
The fact of charging 1,000 AceD for each new listing undoubtedly detracts from their potential.
Perhaps the ICO section is the one that can grow the most

ACED GAMING:

https://www.acedcoin.com/gaming/

They have already released a Blackjack game and also an Air Hockey game, seems to be reaching great acceptance. The truth is that it looks well done. You can see them here.

They have on the way, in addition to increasing their casino, the following games to incorporate:

ACED STREAMING:

It is clear that Video Game Streaming is one of the industries with the highest volume currently, as well as a bright future.
This option, which will be launched soon, will have real technical support behind and with excellent capacity hardware and bandwidth.

Content creators will have extra incomes for their streaming and customers will enjoy a close and guaranteed connection. In this way, AceD manages to provide further value to your project.

This is the part of the platform to which I see greater potential, next to gaming. We can not deny the intense competition that will be found in this world, but I am also clear that streaming is such a big market and with so much to discover that there is probably room in it.

The launch of the Streaming platform will be an excellent step for this project, as it will earn them recognition and acceptance.

Soon we will enjoy it.

AceD SNAP:

Through this platform, photographers will be able to share their photographs and collect royalties for them. The online competition in this field is fierce, but AceD plays with a trick in its favor, decentralization, and anonymity. Perhaps these 2 points are crucial in the takeoff of this slope within the platform.

I am curious to know how they will deal with copyrights (how they will prevent someone from selling photographs not made by himself)

AceD FOUNDATION

From anonymity and crowdfunding, the AceD Foundation will collaborate with charitable organizations and groups of the needy. Without a doubt, this is an activity that honors them

AceD SCROW

The AceD platform can also act as an intermediary between buyers and sellers. We have all seen in some Discord channel how some of our fellow investors have been scammed.
This service avoids any distrust between buyer and seller since until AceD Scrow has both the payment and the agreed upon currencies for a purchase-sale service between individuals, it does not send each of them its payment or purchase as a result of the agreement.

It would not be fair to end this section without mentioning his latest great news, the launch of the mobile version of both, Black Jack and Air Hockey

HISTORY

On August 13, ACED executed a fork, moving from a POW algorithm X11 to X16 and raising the necessary collateral to run a masternode from 1,000 to 2,500 $ACED.
The reasons seem related, on the one hand, to an attack on the network and subsequent dumping of the currency, and on the other due to the dramatic situation of the market.
Generally, investors usually do not take this kind of changes well, which has led to the flight of several. Apparently, the market situation for the whole month of August has not helped either.
(You can read what happened to the masternode market in August in this other article )

DISTRIBUTION, PRICE, FUTURE

These are the current $ ACED characteristics:

As you can see, the rewards will be static from now on, since no changes are foreseen in them.

The rewards that are paid to the masternodes are located at 14.4 coins per block, that, with the current number of nodes connected to the network (658 at the time of writing this article) places us in a 240 % ROI.
Undoubtedly it is a very high ROI, although we trust that new releases and news make this figure increase soon. Besides, the more than six masternodes created daily by the rewards of POW and POS need to be placed to avoid falling prices.
I believe that new developments and news that the dev team will bring to us will make the project grow in price and volume.
Undoubtedly, when almost 70% of currencies locked by the community in Masternodes is a perfect sign of investor confidence in the team and in its ability to develop new products and services.
As I have said many times, the significant advantage and at the same time disadvantage of masternodes projects is their low volume. This leads us to the fact that any news or change related to the project makes it grow in value exponentially and quickly.

PRICE

My friend @Cryptohispano has helped me with his interpretation of the current chart, these are his conclusions, Indicated supports and resistances:

Probably someone is buying or there is a wall between 0.00001700 and 0.00001600, this is a strong support.

We have the first strong resistance at 0.00003 although there is also a lighter resistance at 0.000025. This happens because the numbers “round” or ending at 0, 00, are a psychological resistance of buyers / sellers.

And we have the last resistance in 0.00004 that in my opinion is not going to break unless there is a strong FA element.

PRE-MINED

As for the pre-mined, the figure of 4.4% seems to be a VERY HIGH amount. That’s 1.1 million coins. Of that figure, 450K coins have been sold in presale, so there would be about 650,000, of which about 100,000 have been invested in marketing and advertising.
I do not doubt the need to hire developers, promoters and other marketing tools, nor do I question the high costs involved in making a gaming or streaming platform a reality, but for this, a TREASURY FUNDING of 200 ACED has been established every 100 blocks.
That does not prevent you from considering the figure quite high, especially if we take into account that their White Paper speaks about the preminated distribution that is supposed to already include these expenses, in addition to talking about a different figure.

To this, we must add that the TREASURE FUND should be accompanied by the implementation of authentic governance, where investors could choose what these funds are invested, as their website points out.

It seems that the web is somewhat outdated since governance is cited as one of the project’s strengths, in fact, it is part of the definition of what AceD is. However, the new WP is only mentioned when talking about the foundation. In addition, it does not seem to be among its most critical objectives to carry it out, although it is contemplated in the ROADMAP for Q4 2018, we will see if it happens.

PROMOTION, MARKETING, COMMUNITY

At this point, one of the critical data is the community support to the project, how many of their investors keep their investment instead of trading it, and this data is real and devastating:

Moreover, this is a positive sign, the community, and there is no doubt, trusts the success of the project.
As for marketing, some of the biggest names in the crypto world continuously support this project, so undoubtedly, marketing is one of the AceD strengths.

If we go to his website, we begin to see weaknesses, contradictions with his White Paper (as we have seen before), lack of links to new releases and even lack of links to the Dashboard or Gaming.

If you look at social networks, the vast majority are updated and perfectly attended: Facebook, Twitter, Telegram, Bitcointalk are entirely covered, in other official accounts, the issue is a bit more worrying:

Reddit: Last comment, one month ago.

Medium: Only 1 article from June 3.

Youtube. Only 2 videos from 2 months ago..

I think that, in general, the marketing that AdeD develops is much higher and better than the average of what other projects do, however, some points can be improved.

Let’s not forget that we are in a market where only the strongest and most obstinate will survive.

POSITIVE POINTS:

  • Creation of its own payment ecosystem.
  • Marketing.
  • Different utilities for different users.
  • Development team.
  • A clear objective and use cases from the beginning.
  • Strong and committed community.

NEGATIVE POINTS

  • Little clarity regarding the use of funds obtained in pre-mining.
  • Little concreteness regarding governance implementation plans.
  • Little transparency regarding the use of the Treasure Fund. It should be ALL justified.
  • Obsolete web, without links to its latest releases.
  • Official communication not focused on new investors.
    Some forgotten social networks.
  • Obsolete Road Map

CONCLUSIONS

I think it is a good project, certainly above average, although I must admit that currently, the average in the masternodes world is meager.
Their great effort to develop a project based on a payment currency, with the difference of being able to realize that they have to create the ecosystem where they can use AceD as payment while a substantial agreement does not arrive is, in my opinion, excellent. If they get that big agreement, great, if don't, AceD coin has a real use case.
Creating your demand as a means of payment is a significant step that undoubtedly differentiates them from other projects that only seek to be accepted by large corporations.
How they saw, SINCE THE BEGINNING OF THEIR PROJECT, that either they fought for themselves or nobody was going to call them at the door, it’s a big point in his favor, no doubt.
The process is slow and expensive, but they seem to have enough drive to do it. In less than three months they have already achieved many promising developments, and the Streaming is about to be released, along with some other novelty, no doubt.
The negative points that I have found can easily be solved, since, for the most part, they have a common denominator: Lack of communication, both with current investors and with potential ones.

Also, budget transparency, and governance implementation must be on the table as a point to improve.

In general, I consider ACED a good project, with growth potential if they can transmit and correctly communicate their idea of Digital Commercial Center to potential investors.

No doubt the launch of the Streaming will be a turning point of the project. The location from which the use of $ AceD will begin to rise, as well as its acceptance.

Thanks for reading !!!!

If you liked this article, you can follow me in twitter

*I would like to point out that to write this article I have had the full collaboration and transparency from the AceD team, thanks to AceD-MCLXI and MaGe-AceD for his collaboration.

7de9

Written by

7de9

Masternodes enthusiast, investor, consultor, marketing advisor, writer, publisher, creator, fan, holder, trader, gem seeker, traveller, expert, apprentice, …

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